Allotment of 1,40,908 Equity shares of INR 10/- each at a price of INR 22/- per share comprising of premium of INR 12/- each per share, in accordance with the provisions of Chapter V of ....
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Orient Tradelink has allotted 1,40,908 equity shares at INR 22 per share (face value INR 10 + premium of INR 12) to five non-promoter individuals under a preferential allotment. The largest allottee, Manmeet Singh, received 75,000 shares, while the other four received between 13,636 and 19,318 shares each. The total amount raised is approximately INR 31 lakhs. Post-allotment, the company's paid-up equity share capital rises from INR 35.28 crore to INR 35.42 crore (3,52,82,000 to 3,54,22,908 shares). Promoter holding remains unchanged at 0.26%, and the public shareholding stays at 99.74%, indicating only a marginal dilution of about 0.4%.
The capital raise is very small (about INR 31 lakhs) and will have negligible impact on share price or shareholder value. The proportional shareholding pattern remains virtually unchanged, so existing shareholders face only a tiny dilution effect.